Amount buyer will pay to own the property Payment. Individual(s) wanting to purchase seller’s property Property. Individual(s) with property to sell Buyer. Basic elements of a real estate contract include: Seller. The contract is an official understanding between both the buyer and seller about the purchase price and terms of the transaction. When writing a real estate contract in California, you need to record the terms and conditions of a property sale. How Do You Write a Real Estate Contract in California?
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